Is China's Debt Sustainable for Continued Growth?
Emerging-market stocks and currencies rose for a second day as Chinese economic growth met estimates and on signs U.S. monetary policy will remain accommodative. The Chinese data comes as a gauge of the dollar heads for its worst week in almost a month. The release of mixed U.S. manufacturing data on Monday and then consumer prices excluding food and fuel costs that rose less than forecast on Tuesday are spurring speculation that even if the Federal Reserve raises interest rates this year, it will take a very gradual approach to future increases. Bocom International Holdings Head of Research & Chief Strategist Hao Hong and BlackRock Chief EMEA Strategist Ursula Marchioni discuss with Guy Johnson in London and Caroline Hyde in Berlin on "Bloomberg Markets: European Open."